LLOYDS LAUNCHES ITS RECORD RIGHTS ISSUE November 24, 2009 LLOYDS Banking Group yesterday launched the biggest cash call the City has ever seen with its long-awaited £13.5bn rights issue, offering new shares to investors at a deep discount of almost 60 per cent. The rights issue has been priced at 37p, a discount of 59.5 per cent to Monday’s close of 91.47p. Under the [...]
London rises to highest close in 3 weeks on Dubai bailout December 14, 2009 BRITAIN’S top share index closed at its highest level in a week yesterday, led by banks, after Abu Dhabi bailed out Dubai with $10bn in surprise aid, with commodities stocks also notching up solid gains. The FTSE 100 closed up 53.77 points at 5,315.34, its highest close since 4 December, adding to a rise the [...]
Stocks looking higher for now but resources the key November 8, 2009 UK and European stock markets are set to open higher this morning, following on from Friday’s bounce-back from the initial sell-off which followed the all-important US employment data. GFT is quoting the FTSE 100 index to open up 24 points from Friday’s close of 5,142. The German DAX is also called higher, up 25 points [...]
Yell moves refinancing on with 660m fundraising November 10, 2009 Struggling publisher Yell Group embarked on the last stage of a protracted refinancing yesterday when it announced a £660m share issue, lifting its shares three per cent. Yell plans to issue 1.6bn shares at 42p a-piece, a 12.5 per cent discount to Monday’s closing price. Half will be sold through a placing to agreed buyers [...]
THE LONDON REPORT November 16, 2009 BRITAIN’S top share index hit its highest closing level in more than 14 months yesterday as a weaker dollar sparked a rally in metals prices and some upbeat US data lifted market sentiment. The FTSE 100 ended up 86.29 points, or 1.6 per cent, at 5,382.67, its highest close since September 2008 and notching up [...]
Mining stocks lead weaker banking and power firms December 2, 2009 Britain’s leading share index ended 0.3 per cent higher yesterday as mining firms gained on the back of higher commodity prices, outpacing some weakness in banks and energy stocks. The FTSE 100 closed 15.22 points higher at 5,327.39, adding to Tuesday’s strength when the index recorded its biggest one-day gain in more than four months [...]
Concern over Dubai’s debts takes toll on Britain’s shares November 26, 2009 Britain’s top shares ended at a three-week closing low yesterday, pressured by hefty falls in the banking sector as concerns over Dubai’s ability to pay its debts took a toll on confidence. The FTSE 100 ended down 3.2 per cent, or 170.68 points, at 5,194.13, its lowest close since November 6, and losses on the [...]
Hike in commodity costs hits miners and energy stocks November 19, 2009 Britain’s top share index fell 1.4 per cent yesterday as sagging commodity prices dented miners and energy stocks, while reduced risk appetite hurt banks. The FTSE 100 ended down 74.43 points at 5267.70, its biggest daily fall for three weeks, after closing 0.1 per cent lower on Wednesday. Miners were the biggest drag on the [...]
CITY’S FINEST TURN OUT IN STYLE TO HONOUR THE WOMEN OF THE FUTURE November 12, 2009 CORPORATE party-goers have been busy this week with a string of shindigs in a row, and last night saw the City’s female contingent descending upon the Marriott hotel in Grosvenor Square for the Women of the Future awards. The ladies weren’t short of powerful supporters, either – even Tory leader David Cameron showed up to [...]
FTSEdrops as windfall tax worries offset mining gains December 7, 2009 Britain’s top shares ended 0.2 per cent lower yesterday, with banks weak on concerns over a possible windfall tax, offsetting modest gains in miners and energy stocks which rebounded from earlier losses. The FTSE 100 closed 11.70 points lower at 5,310.66 points, paring some losses from earlier in the session when the index dropped to [...]